• Sunday, 28 February 2021

    Egypt in the News on 28 February 2021

    It’s a mixed bag of nothing and everything for Egypt in the foreign press this morning. A handful of stories to keep on your radar: Human rights: The Biden administration should focus on financing local development programs rather than threatening...
  • Thursday, 18 February 2021

    Also on our radar on 18 February 2021

    Other stories we’re keeping an eye on this morning: US web hosting company GoDaddy is partnering with Startups Without Borders to train some 500 entrepreneurs in the MENA region on how to use its services to take their businesses online,...
  • Monday, 15 February 2021

    GAFI launches phase II of industrial units in Mit Ghamr, Banha

    Uganda has decided to backtrack on its decision to introduce a 35% customs duty on iron sheets and other Egyptian exports in contravention with the COMESA trade agreement, Trade Minister Nevine Gamea said yesterday. Separately, businesses can now apply for...
  • Sunday, 14 February 2021

    Also on our radar on 14 February 2021

    Qatar Airways Cargo to resume Egypt, Saudi Arabia and the UAE operations with the appointment of new general sales agents, taking cargo sales and bookings starting Sunday, 21 February. Venus Air Cargo got the nod for Egypt. Egypt, the UAE...
  • Thursday, 11 February 2021

    What the markets are doing on 11 February 2021

    Saudi Arabia’s economy continued to rebound from recession in the final quarter of 2020, growing by 2.8% compared to the previous three months, according to the official figures (pdf) released yesterday. Growth over the full year contracted by 4.1% thanks...
  • Wednesday, 10 February 2021

    Egypt won’t tap debt market again before 2H, no decision on wheat hedging –Maait

    Egypt has no plans to return to the international debt market before the end of the first half, Finance Minister Mohamed Maait told Al Arabiya. Despite low interest rates globally, the government won’t tap the market for a second time...
  • Tuesday, 9 February 2021

    What the markets are doing on 9 February 2021

    Is the oil market in a “post-vaccine euphoria”? That’s what trading houses Vitol and Gunvor Group are signaling after oil rallied above the USD 60 / bbl mark for the first time in a year yesterday, according to Bloomberg. The...
  • Monday, 8 February 2021

    Having fun? There’s gonna be a tax for that. Plus: Shippers get a break.

    That tax on fun is back on the menu: Amendments to the tax code that would raise taxes on cinemas, nightclubs, theaters, and wedding venues are on the Finance Ministry’s to-do list in the coming period, Minister Mohamed Maait told...
  • Monday, 1 February 2021

    Export subsidy haircut scheme extended into 2021

    Export subsidy payout program carries forward to 2021: Exporters will be able to apply to receive back-due subsidy payments in a lump sum between 7-28 February, Finance Minister Mohamed Maait said yesterday. Companies who apply will receive payment either at...

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